The demand for healthcare
The demand for healthcare entails the actual consumption of a person in case of illness or injury. This consumption is depended on demand factors such as income, cost of care, and quality of the health services offered. Demand for healthcare entails the desire of consumers to gain good health. Demand in healthcare is inelastic since there is no substitute for healthcare in the market. A question rises on it is possible for the healthcare industry to reduce the impact of demand. At the same time, it continues with the improvement that is required for the inevitable illness which affects society. I believe that the healthcare industry does not have the abilities to lessen need while initiating enhancements for dealing with unavoidable illnesses
Even though healthcare, demand for health is inelastic, it is not possible to lessen it. The demand for healthcare is directly proportional to improvements in healthcare. For instance, when healthcare makes improvements. People will demand more private, and public healthcare than use settles for self-assessment and treatments (Lopes et al., 2019). So the impact of demand increases as healthcare improves in addressing the inevitable illnesses in society. Healthcare cannot lessen the impact of demand since people will always demand health regardless of the prices (Lopes et al., 2019). Additionally, since there is a positive relationship between the impact of demand for health, which is affected by gender, personal income as well as the perception of the economic levels, then it is hard to initiate improvements for addressing the inevitable illnesses in the society.
In conclusion, healthcare cannot lessen the impact of demand as well as continuing with improvements that are required for dealing with inevitable illness in society. The impact of demand is directly proportional to improvements in healthcare. So when it lessens the impact of demand, then it becomes impossible to improve healthcare to care for inevitable illnesses in society.
References
Lopes, D. F., Santinha, G., Ramos, A. L., & Castro, E. A. (2019, August). Healthcare demand modelling: a systematic review. In Conferência-Investigação e Intervenção em Recursos Humanos (No. 9).